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World Economy Mar 23, 2026

Epstein Urged Media Mogul Zuckerman to Cede Control Citing 'Potentially Dangerous' Health

Jeffrey Epstein advised Mortimer Zuckerman to relinquish control of his financial affairs due to al…
Jeffrey Epstein, the late financier and convicted sex offender, urged Canadian-American media and real estate mogul Mortimer Zuckerman to give up control of his financial affairs. Epstein cited Zuckerman's "potentially dangerous" cognitive impairment as the reason for his concern.In an email from October 2015, Epstein suggested that Zuckerman enter a guardianship or conservatorship for his own protection. He expressed concern for Zuckerman's "financial, emotional, physical, and psychological safety", stating that his friends, including himself, were worried about the mogul's well-being.Epstein proposed that Zuckerman grant authority to manage his affairs to Terje Rod-Larsen, a Norwegian diplomat, Zuckerman's nephews, and "anyone else you trust." He emphasized that Zuckerman's "remarkable abilities" were no longer sufficient to protect him.Zuckerman, the owner and publisher of US News & World Report, appeared to take Epstein's advice seriously, thanking him for his "thoughtfulness and friendship" and seeking recommendations for a lawyer with experience in such matters.Epstein also discussed Zuckerman's health with his nephew, Eric Gertler, advising him to oversee the sale of Zuckerman's stocks, art collection, helicopter, and plane. It is unclear if Zuckerman followed Epstein's advice.Zuckerman announced his step down as chairman of Boston Properties about six months after his correspondence with Epstein, but did not cite any health concerns at the time.
#epstein #zuckerman #his
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World Economy Mar 23, 2026

Global Energy Crisis Worsens: IEA Head Warns of Worst Crisis Since 1970s Oil Shocks

The world is facing a severe energy crisis, worse than the 1970s oil shocks and the Ukraine war com…
The world is currently experiencing a severe energy crisis, surpassing the combined impact of the 1970s oil shocks and the Ukraine war, according to Fatih Birol, Executive Director of the International Energy Agency (IEA). Speaking at a media event in Australia, Birol warned that the energy crunch prompted by the US-Israel war on Iran has exceeded the 1973 and 1979 oil shocks and gas shortages stemming from Russia's 2022 invasion of Ukraine.Birol stated that the crisis is equivalent to two oil crises and one gas crash combined. He noted that the effective closure of the Strait of Hormuz and attacks on energy facilities have reduced global oil supplies by about 11 million barrels per day (bpd), more than double the combined shortfalls of the 1970s crises. Additionally, liquefied natural gas (LNG) supplies have been reduced by about 140 billion cubic meters, compared to a shortfall of 75bcm in the aftermath of Ukraine's invasion by Russia.At least 40 energy facilities across nine countries have been severely damaged in the conflict, according to the IEA chief. Birol emphasized that the global economy is facing a major threat and expressed hope that the issue will be resolved soon.Birol also expressed concern that the scale of the crisis had not been fully understood, which prompted him to speak publicly about the situation. The IEA has proposed measures to reduce energy consumption, including facilitating remote working and carpooling, and lowering speed limits on motorways.The IEA chief is in consultation with different countries about releasing more strategic oil reserves if needed. However, he emphasized that the single most important solution to the crisis is to unblock the Strait of Hormuz, which usually carries about one-fifth of global oil and LNG supplies.
#oil #energy #iran
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World Economy Mar 23, 2026

Iran War Enters Critical 24th Day: Escalation, Market Fallout, and Rising Casualties

As the US-Israel military campaign against Iran enters its 24th day, a critical deadline for the St…
The military campaign launched by the United States and Israel against Iran has entered its 24th day, bringing the region to a precarious juncture. As US President Donald Trump’s 48-hour ultimatum for Iran to reopen the Strait of Hormuz approaches its expiration at 23:44 GMT on Monday, Tehran has issued stern warnings regarding the potential targeting of its electricity grid. In response, Iran has vowed to strike the energy and water systems of its Gulf neighbors, raising fears of a broader regional energy crisis.The conflict is already having tangible repercussions on the global economy. Financial markets are reacting sharply to the escalating tensions, with stocks in China and Hong Kong on track for their worst performance in nearly a year. The uncertainty has fueled stagflation fears, prompting UK Prime Minister Keir Starmer to convene an emergency meeting to address the mounting economic fallout.In Iran, the situation remains volatile. The Israeli military has conducted a wide-scale wave of strikes targeting infrastructure across Tehran, resulting in powerful explosions reported in the central, southern, and eastern parts of the capital. Verified footage shows massive columns of fire and smoke rising over Karaj following an air attack. The Iranian Revolutionary Guard Corps (IRGC) has retaliated by threatening attacks on power plants in Israel and those supplying electricity to US bases, while also targeting a turbine engine production site in Qom used for drone components.The conflict has also spilled over into Gulf Cooperation Council (GCC) nations. Saudi Arabia’s Ministry of Defence confirmed that two ballistic missiles were launched toward Riyadh, with one intercepted and the other falling in an uninhabited area. The UAE reported debris injuries in the al-Shawamekh area, while Bahrain confirmed attacks on the US Fifth Fleet. In Qatar, seven people were killed in a helicopter crash, and Kuwait has formally protested airspace violations to the International Civil Aviation Organization.The human toll continues to rise. In Israel, alerts were triggered across Jerusalem and central Israel following explosions, with the casualty toll from attacks on Dimona and Arad climbing to at least 180 injured. In Lebanon, authorities report that at least 1,029 people have been killed since March 2, with over 100 of the victims being children. In Iraq, at least 60 people have been killed, primarily among pro-Iran Popular Mobilisation Forces.
#iran #killed #war
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Sport Mar 23, 2026

New Generation of Tennis Stars Shine with Friendship and Fierce Rivalry

Victoria Mboko and Mirra Andreeva, two top-ranked teenage tennis players, showcase their skills and…
The women's tennis landscape has undergone a significant transformation in recent years, with a new generation of players emerging as top contenders. Victoria Mboko and Mirra Andreeva, currently ranked No 9 and No 10 in the world, respectively, are leading the charge. These two teenagers, who are not only fierce rivals but also close friends, recently faced off in a highly anticipated Miami Open fourth-round match.Before their big match, Mboko and Andreeva demonstrated their camaraderie by competing together in doubles on the same side of the net. This lighthearted approach helped them relax and enjoy each other's company, showcasing a refreshing dynamic in professional tennis. Despite their friendly rapport, both players are fiercely competitive and determined to win every match.The emergence of Mboko and Andreeva, along with other young players, marks a departure from previous eras of women's tennis, which often featured tension and rivalry between top players. The current crop of teenagers, including Iva Jovic, Maya Joint, and Alexandra Eala, is steadily rising through the rankings and supporting each other both on and off the court.This new generation of players is characterized by their friendliness and camaraderie, which is a significant shift from the past. Players like Aryna Sabalenka, Iga Swiatek, and Elena Rybakina regularly train together, demonstrating that it's possible to maintain friendships while still competing fiercely on the court.In their recent match, Mboko and Andreeva engaged in a tense and bruising tussle, with Mboko ultimately emerging victorious with a 7-6(4), 4-6, 6-0 win. Despite the intensity of the match, the two players showed respect and sportsmanship, with Andreeva apologizing to Mboko after the match and the pair hugging warmly.The evolving dynamics of women's tennis are exciting to watch, with a new generation of players bringing a fresh perspective to the sport. As Mboko and Andreeva continue to compete and grow as players, their friendship and rivalry will undoubtedly be a key part of the sport's future.
#andreeva #mboko #players
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Sports Mar 23, 2026

UEFA Rejects English Clubs' Bid for Larger Champions League Squads

UEFA has rejected a proposal to increase Champions League squad sizes from 25 to 28 players, citing…
UEFA has rejected a request from English clubs to increase the size of Champions League squads to 28 players next season, following a backlash led by Spanish counterparts.The proposal, which was discussed at a UEFA club competitions committee meeting last month, failed to gain consensus due to concerns about Premier League clubs using their financial muscle to build stronger squads.The current 25-man squad limit has been in place for almost 20 years, and English clubs argued for an increase to reflect the competition's expansion and to protect against injury and burnout.Spanish representatives, including Atlético Madrid, Sevilla, and Real Sociedad, pushed back against the proposal, citing concerns about Premier League clubs' financial advantages.The decision means that the current squad regulations will remain in place for next season's Champions League, although the issue may be revisited before the 2027-28 season.
#league #clubs #champions
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World Economy Mar 23, 2026

UK Government Considers Winter Support for Household Bills Amid Energy Price Shock

The UK government is exploring options for supporting household bills next winter, with a focus on …
UK Prime Minister Keir Starmer has indicated that the government is considering providing support for household bills next winter, as the energy price shock triggered by the Iran conflict shows no signs of abating. Speaking to the Commons liaison committee, Starmer emphasized the need to examine 'every lever that's available' to help households cope with the cost of living impact. The government is reportedly discussing contingency plans at an emergency Cobra meeting, which will be attended by the governor of the Bank of England. Starmer suggested that any support would likely be targeted at the poorest households, rather than a universal bailout, which he acknowledged would be expensive. Ministers are also exploring means-testing support when the next energy price cap comes to an end in June, as well as in the autumn when energy consumption and bills are higher. 'We're looking at in the first instance what happens when the current price cap ends, which is the end of June,' Starmer said. The prime minister warned that despite US President Donald Trump's decision to postpone airstrikes on Iran's power plants, the energy crisis could continue for months to come. 'All of our focus and energy has to be in the swift de-escalation, but we've got to plan on the basis that it could go on for some time,' he said. In addition to support for household bills, the government is considering giving the Competition and Markets Authority (CMA) 'further teeth' to prevent companies from exploiting the crisis through price gouging or profiteering.
#energy #starmer #but
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World Economy Mar 23, 2026

Global Energy Crisis: Iran War and Ukraine Fallout Rivals 1970s Oil Shocks

The global energy crisis triggered by the Iran war and Ukraine conflict is comparable to the twin o…
The global energy crisis caused by the war in Iran and the fallout from the Ukraine conflict is equivalent to the combined force of the twin oil shocks of the 1970s, according to the head of the International Energy Agency (IEA).Fatih Birol, the IEA's executive director, warned that the growing fallout could be seriously compounded by interruptions to the 'vital arteries of the global economy', including petrochemicals, fertilisers, sulphur, and helium.The crisis, which started with bombings against the regime in Tehran on 28 February, already represents the loss of 11m barrels of oil per day and about 140 bcm of gas. This is comparable to the losses seen in the 1973 and 1979 oil crises, which saw a loss of about 5m barrels of oil per day each, and Russia's 2022 invasion of Ukraine, which removed about 75bn cubic metres (bcm) of natural gas from international markets.Birol said that at least 40 energy assets in the Gulf region had been severely or very severely damaged, so even an end to the conflict would not immediately restore energy supply. He also noted that the Asia Pacific region had been badly affected by the closure of the Strait of Hormuz, through which about 20% of the world's oil supply is transported.The IEA has taken emergency measures, including the release of 400m barrels of oil from strategic reserves, the largest emergency measure in its history. Birol said he is consulting world leaders about another possible release of emergency oil supply, noting that the initial move was only 20% of overall stocks.
#iran #ukraine #iea
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World Economy Mar 23, 2026

Global Markets React as Trump Postpones Iran Strikes

Global stock markets experienced significant fluctuations and oil prices dropped after US President…
Global stock markets swung wildly on Monday as investors reacted to US President Donald Trump's decision to postpone military strikes on Iranian power plants. The move led to a relief rally in European markets, with the French Cac 40, Spanish Ibex, and German Dax all rising by 0.8%, 1%, and 1.2% respectively.The FTSE 100 share index, which had fallen by almost 1.5% in early trading, reversed course to gain 0.4% before paring back to close down 0.2%. US markets were up more than 1% in early afternoon trading on Wall Street.Oil prices, which had been rising after Trump threatened to strike Iranian infrastructure, dropped sharply. Brent crude, the international benchmark, fell 10% to $101 a barrel. The UK month-ahead gas prices fell 6% to 142p a therm.Trump announced on his social media platform Truth Social that the US and Iran had “very good and productive conversations” over the past two days regarding “a complete and total resolution of our hostilities in the Middle East”. He said he had instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five-day period, subject to the success of ongoing meetings and discussions.The global economy has been bracing for much higher oil prices due to disruption in the strait of Hormuz, with Goldman Sachs forecasting Brent crude will average $85 a barrel this year, up from previous expectations of $77 a barrel. Brent hit $119.50 a barrel earlier this month, the highest since the war began.
#oil #which #iran
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Stage Mar 23, 2026

Richard Kind on Delivering Big Performances in 'The Producers'

Richard Kind discusses his role in Mel Brooks' musical 'The Producers' at the Garrick theatre in Lo…
Richard Kind, a versatile actor known for his roles in films like 'Inside Out' and TV shows such as 'Only Murders in the Building', is set to take the stage in London's West End in Mel Brooks' musical 'The Producers'. Kind will play the role of Max Bialystock, a charismatic and cunning Broadway producer, at the Garrick theatre from March 23 to May 9.Kind, who has a reputation for his dynamic performances, describes his interpretation of Max as a 'big bear' who 'lumber' across the stage, drawing inspiration from Zero Mostel, who originated the role in the 1967 film. He contrasts his approach with that of Nathan Lane, who played the role on Broadway, saying, 'Nathan glides. I'm a big bear. I lumber.'The actor, who has had a long and varied career in both comedy and drama, notes that theatre offers him a chance to take on more challenging roles. 'I'm at the point where I can say 'no' to a stage role unless it's challenging,' he explains. Kind's extensive experience includes work with Second City, the Chicago improvisational troupe, and roles in sitcoms like 'Spin City' alongside Michael J Fox.Kind also opens up about his friendship with George Clooney, a close pal who has been publicly criticized by Donald Trump. Kind expresses his protectiveness towards Clooney and his disdain for Trump, showcasing his strong opinions and 'ugly' language when discussing the former president.With his characteristic wit and candor, Kind reflects on his career, stating, 'I'm all over the place! Nobody works more than me.' His performance in 'The Producers' promises to be a highlight of London's theatre scene this season.
#kind #his #says
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